Barracuda Networks, a provider of advanced threat protection solutions, made its public debut on November 7, 2013, opening at $21.70, 20.6% above its final offering price of $18.00. Barracuda’s stock has maintained its initial increase, closing at $20.70 on November 29, 13.3% above its final offering price.
Data interoperability, the adoption gap, and Healthcare Information Technology (“HIT”) innovations were key discussion topics at this year’s Sixth Annual Armed Forces Communications and Electronics Association’s (“AFCEA”) Health IT Day in Bethesda, MD.
According to new data from Avascent Analytics, the United States currently ranks as the leading supplier of defense aircraft for Asia-Pacific partners and allies. The increased percentage of U.S. investments in the region comes as the nation continues to shift resources to the Asia-Pacific as it withdraws forces from Iraq and Afghanistan as well as government contractors redirecting attention to international sales amidst domestic budget uncertainty.
Venture capital (“VC”) activity has continued to remain strong for both cybersecurity and big data companies. During the first half of 2013, cybersecurity and big data firms have secured $2.0 billion in funding, representing an 81.0% increase over the first half of 2012.
Over the past few weeks, several Government Service companies released quarterly earnings. Common themes included declining revenue offset by flat or stronger margins, the need to establish two budget scenarios for FY2014 and FY2015 due to ongoing pricing pressures and continued uncertainty around the impact of sequestration, and mention of the monetary effects of the government shutdown during October.
All eyes were on Boeing at the Dubai Air Show this week as the Company officially launched its 777X line of aircraft and subsequently receiving orders totaling nearly $100 billion. The 777X, which boasts greater fuel efficiency from its carbon-fiber wings, is the largest single commercial launch by value in the history of the aerospace industry.
This week marked the end of the first week of sea trials for the new amphibious assault ship USS America (LHA 6), which has been under development by Huntington Ingalls Industries since 2006.
In our July 11th Blog and October 8th Blog, we covered the positives and negatives associated with various corporate entity structures from an ownership, taxation, and M&A perspective. In this segment, we will cover the implications of Section 1411 of the Internal Revenue Service (“IRS”) Code, most commonly known as the “Obamacare Tax,” on shareholders of an S or C Corporation.